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Warren Buffett's Berkshire Hathaway Inc. said on Thursday it would buy Procter & Gamble Co.'s Duracell battery unit in a stock swap, taking over a business the billionaire has supported for nearly two decades. Duracell's headquarters are in Bethel, Conn. The transaction calls for P&G to receive about $4.7 billion of its own shares that Berkshire now owns. P&G would infuse $1.8 billion in cash into Duracell before the expected closing in the second half of 2015. Chief Executive Officer A.G. Lafley is streamlining the Cincinnati-based P&G by shedding slow-growing brands and focusing on about 80 businesses that generate most of its profit and revenue. Tide...

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Warren Buffett's Berkshire Hathaway Inc. said on Thursday it would buy Procter & Gamble Co.'s Duracell battery unit in a stock swap, taking over a business the billionaire has supported for nearly two decades.Duracell's headquarters are in Bethel,...

The Hartford and Munich Re received high praise in a report released Wednesday ranking the nation's 330 largest insurance companies on their response to increasing climate risks.
Last year, insurance regulators in California, Connecticut, Minnesota,...

Warren Buffett, whose Berkshire Hathaway owns a sizable chunk of General Motors stock, said he "totally disagrees" with putting short-term investors on the board and he isn't pushing for the $8 billion stock buy back that four hedge funds want....

Billionaire Warren Buffett won't end speculation about his eventual successor, but he reiterated that Berkshire Hathaway's board has a plan in place. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the...

Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Buffett addressed a variety of topics on CNBC after releasing his annual letter to...

Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way. Buffett used his annual shareholder letter released Saturday to make...

Billionaire Warren Buffett says the U.S. economy continues to improve steadily, and he doesn't think investors should be disappointed with 2 percent growth each year. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire...

Berkshire Hathaway Inc. said Saturday that its fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts. Berkshire's quarterly profit declined to $4.16 billion, or $2,529 per Class A share,...

Donald R. Keough, a poor cattleman's son who became president and chief operating officer of Coca-Cola Co. and helped it maintain its worldwide dominance during the "soda wars" of the 1980s, died of natural causes Tuesday in Atlanta. He was 88....

So much for the summer doldrums! August 2014 was the best August for stocks in 14 years. The Dow gained 3.6 percent on the month to 17,098; the S&P 500 took out the psychologically important 2,000 level, rising 3.8 percent to 2003. Since the March...

Kiplinger's Personal Finance
For more than 45 years, Warren Buffett, the chief executive officer of Berkshire Hathaway (symbol BRK-B, $124), has declined to pay a dividend. A vocal group of shareholders would like that to change. But Buffett has...

Moelis & Co., a boutique Los Angeles investment bank, filed for an initial public offering, seeking to capitalize on the soaring stock market and a recent pickup in corporate mergers.
The firm was founded in 2007 by Ken Moelis, a longtime Southern...

Billionaire investor Warren Buffett had opinions to spare Friday, when he dished on JPMorgan’s Jamie Dimon, Wells Fargo’s home lending prowess, the future of the euro and newspapers, Facebook and more.“I’ve had enough mistakes of my own that I’m very...

— When Greg Schmidt was shopping for a bathroom vanity, paying full price never was an option. When he found one he liked on clearance, its price slashed more than 30 percent, Schmidt knew it was time to find a manager of the Lowe's store.
Marked-down...